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6105 Cooper Creek Street Fort Worth, TX 76179

4 Beds 4 Baths 3,294 sqft Built 2019

$415,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $125.99
  • 2 Days on Market
  • MLS # : 14535597
  • Updated Date : 03/20/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,294 sqft
  • Baths : 3 full , 1 half
Listing Agent

Modern Edge Real Estate

Listing Agent's Description

This fantastic home has it ALL in the highly sought-after Marine Creek Ranch! From the soaring ceilings to the wood floors you will find this home checks many boxes! Relax in the owner's suite, entertain on the covered patio or chat with a friend on the front porch after making this home yours! The theatre room, game room in the loft, multiple living areas, and study allow for more space to spread out. The gourmet kitchen boasts beautiful cabinets, granite counters, an island, double ovens, a butler's pantry, and a large walk-in pantry. This community offers a community pool and clubhouse, a private late area, park, greenbelt, and playground.

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Marine Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k269k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Marine Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191828

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Parkview Elementary School Primary Regular 695 40 6
Ed Willkie Middle School Middle Regular 862 53 5
Chisholm Trail High School High Unknown NA

Parkview Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 40
6
GreatSchools Rating

Ed Willkie Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 53
5
GreatSchools Rating

Chisholm Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,441
Property Tax -$951
Property Insurance -$218
HOA -$30
Property Management Fees -$99
CASH FLOW
-$599

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$415,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$6

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,140

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,133

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$2,0003$2,0454$2,1405$2,150
$2,150
RENT COMPS ANALYSIS
  • 6105 Cooper Creek Street Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,294 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,294 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.65
    •  
  • 852 Cats Eye Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 2006
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.60
    •  
  • 941 Stone Chapel Way Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2004
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
  • 6152 Redear Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2005
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.64
    •  
  • 6672 Cascade Canyon Trail Fort Worth, TX 5
    • 5 beds 5 baths ∙ 3,189 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,189 Sqft ∙ Built 2006
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.67
    •  
PROPERTY LISTING DETAILS
Michelle Johnson
Modern Edge Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535597
Last Updated: 03/20/2021
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